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The RISE Demonstration Center was announced in 2014 by the Washington, D.C. local government intending to renovate the space for $8.3 million. The purpose of the venue was to serve as a community center to increase investment in D.C.’s Ward 8 through hosting lectures, conferences, computer training for residents, and programs for small business development in the area. 1 2
The space is operated by Events DC, the District government-owned corporation that runs the city’s event properties including the RFK Stadium, the Walter E. Washington Convention Center, and Nationals Park. 4 2
The RISE Demonstration Center was renovated with $8.3 million in government funds and its operation is funded by the D.C. Office of the Deputy Mayor for Planning and Economic Development, while the space is administered by Events DC. 1 4